Crypto news, week of October 12, 2026

The outlets that reported this event are listed with links to their reports; no summary of ours passed our automated checks for it, which says nothing about the event (how they work).

Reported by Decrypt and Yahoo Finance.

• Bitcoin

Machine summary VanEck Digital Assets submitted a request to the SEC to pull back its Lido Staked Ethereum ETF registration, making clear that no distribution of the trust's shares is planned going forward, according to forexcrunch.com. Because the registration did not take effect at any point, shares were not issued. The filing, made on 16 October 2025, was the first US ETF attempt tied to Lido's stETH token, and the withdrawal came to light on 14 October 2026.

1. VanEck Digital Assets told the SEC it "does not intend to proceed with the planned distribution" of the Lido Staked Ethereum ETF's shares, forexcrunch.com reported.
2. Because the registration took no effect, zero shares got issued and none will ever be, forexcrunch.com reports.
3. The S-1 registration statement was filed on 16 October 2025, after a reported Delaware statutory trust registration in early October 2025, with the withdrawal coming to light on 14 October 2026.
4. According to forexcrunch.com, when the initial filing was made, Lido's total value locked was reported to be between $38 billion and $40 billion, while more than $2 billion in staking rewards had been paid out cumulatively by the protocol since it launched.
5. Lido's governance token LDO gained around 7% following the announcement of an ETF filing in October 2025, per forexcrunch.com.

Reported by forexcrunch.com, The Defiant and cointelegraph.com.

• VanEck
• LDO
• The Defiant
• VanEck Digital Assets
• stETH (Lido Staked Ether)
• Lido

Machine summary The New York Post reports that parts of the crypto industry are concerned that AI-accelerated quantum computing could defeat the cryptography protecting Bitcoin and other digital assets. Project Eleven's Alex Pruden told the paper he expects quantum computers sooner than people expect and before AGI, and the report cites a Chinese quantum processor that finished a specialized test in a few hundred seconds.

1. Alex Pruden, CEO and co-founder of the applied research lab Project Eleven, told the Post that AI is overcoming quantum computing's technical barriers "faster and faster in a way that was unimaginable even just one year ago."
2. Pruden said his expectation is that quantum computers arrive "sooner than people expect and will happen before AGI."
3. The report describes "Q Day" as the point at which a quantum computer becomes capable of breaking the encryption protecting Bitcoin and other digital assets.
4. Cryptography secures information using codes built on math problems that the report says no single person or classical computer can solve in a practical amount of time.

Reported by New York Post and nypost.com.

• Bitcoin
• Quantum Computing
• cryptography
• Project Eleven

Machine summary Ten other investor witnesses testified they provided about $2.3 million combined and most said nothing came back.

1. The court was shown 22 contracts following the first, ranging from $10,000 to $1.3 million, signed over about ten months; wire receipts were shown for most, with a few noting cash payment (CBC report)
2. Eleven investors have testified as Crown witnesses so far; the other ten said they provided roughly $2.3 million combined, and most said they got no money back (CBC report)

Reported by CBC.

• CBC

Machine summary According to Vikram Subburaj, chief executive of Giottus, outflows from U.S. spot bitcoin ETFs totaled $150.5 million on October 14, undoing $175.7 million in inflows seen the day before. Prediction-market and CME FedWatch odds of an October rate hike spiked after the CPI release before easing to roughly 30% and 26% respectively.

1. September U.S. inflation rose to 3.7% annually, Giottus CEO Vikram Subburaj said
2. U.S. spot Bitcoin ETFs saw $150.5 million in outflows on October 14, reversing $175.7 million of inflows the previous day, Subburaj said
3. Following the CPI release, Polymarket odds for the October Fed rate hike briefly spiked to nearly 50% before easing to about 30%, the report said.

Reported by CoinDesk.

• Bitcoin
• Polymarket
• U.S. Spot Bitcoin ETFs
• CME FedWatch
• Giottus